How to Start Trading in India?
OPEN ACCOUNT
To start trading online, you need ta open a DEMAT and trading account with a stockbroker. After opening a DEMAT account, you can add money by logging in to your bank account. The best share trading platform allows you to view stock prices, historical data charts and enables you to buy and sell shares in India. The best stock broker with very low brokerage is Angle One .
Explained below are the steps on how trade in stock market in India:
Four steps to start online trading in India:
1. Choose an online broker:
The first step will be ta find an online stockbroker. They provide you with the facility to open a DEMAT and trading account. A trading account helps you place a buy or sell order in the stock market, whereas a DEMAT account stores the shares you buy in a digital format. While choosing a stockbroker, check the DEMAT and trading account opening charges and the DEMAT annual maintenance charges (AMC).
Next, you must check the brokerage charges. The broker charges a brokerage fee whenever an order placed in the stock market gets executed. This fee can depend on the trading volume of your order, or it can be a flat fee per trade irrespective of the trading volume. Traditional brokers levy percentage-based brokerage proportional to the trade volume, which increases the brokerage costs if you trade more often. With a flat fee per order, you can save significantly on brokerage costs. Angle One Limited offers a flat fee per trade which can save you big on the brokerage charges.
2. Open DEMAT and Trading account:
To open a DEMAT and Trading account, you need to fill an online account opening form with the broker. The form filling process is easy, and you can complete it in less than 15 minutes. With Angle One Limited, you can open an account by following the below steps:Visit the account opening form link given below:
Provide your address and bank details.
Upload documents related to your proof of identity and proof of address.
Perform a self-verification by recording a short video of yourself and submitting it.
E-sign your form through the OTP sent on your Aadhar linked mobile number.
Submit the application, and you will receive a confirmation regarding your account opening and login credentials in a short duration.
3. Login to your DEMAT/Trading account and add money:
Once you have your DEMAT and Trading account login and password, you can log in to your account and explore the trading platform. If you have signed up with us, you can downloadAngle One mobile trading app for a seamless trading experience. Now that your account is created, you can add money from your bank account to your trading account. Note that you can also transfer money from your trading account to your bank account.
4. View stock details and start trading:
Now you are ready to get started with online trading in India. You can view the live market prices of shares in your trading account. You can select a share and view its in-depth detail historical prices, charts, etc. Once you are through your analyses, you can start buying shares and start your investment journey.
